18 July 2013 03:56 [Source: ICIS news]
SINGAPORE (ICIS)--Japan’s JSR Corp may consider reducing the operating rate of its 36,000 tonne/year ethylene-propylene-diene monomer (EPDM) plant in Kashima by 10-20% if market conditions do not improve, a company source said on Thursday.
“We are now running at 100% capacity but if demand remains weak and our stocks levels remain high, we will consider cutting our operating ratio,” the source added.
EPDM prices have been declining in recent months because of oversupply and weak demand.
Spot prices of medium ethylidene norbornene (ENB) grade EPDM averaged $2,700/tonne (€2,052/tonne) CFR (cost and freight) southeast (SE) Asia on 17 July, down by $200/tonne from the previous month, ICIS data showed.
On 12 June, EPDM prices averaged $2,900/tonne CFR SE Asia, according to ICIS data.
($1 = €0.76)
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